Can I retire at age 60 with 878,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$72,504$71,859$71,228$70,613$70,013$67,908
2 years$35,893$35,225$34,577$33,949$33,340$31,236
3 years$23,691$23,020$22,374$21,751$21,152$19,117
4 years$17,591$16,922$16,282$15,671$15,086$13,134
5 years$13,932$13,267$12,636$12,037$11,468$9,605
6 years$11,494$10,834$10,212$9,626$9,074$7,302
7 years$9,753$9,098$8,486$7,914$7,380$5,698
8 years$8,447$7,799$7,197$6,639$6,122$4,530
9 years$7,433$6,790$6,198$5,655$5,156$3,651
10 years$6,622$5,985$5,404$4,874$4,393$2,974
11 years$5,958$5,328$4,758$4,242$3,778$2,442
12 years$5,406$4,782$4,222$3,721$3,274$2,018
13 years$4,939$4,322$3,772$3,285$2,855$1,677
14 years$4,539$3,928$3,389$2,916$2,503$1,399
15 years$4,193$3,589$3,060$2,601$2,204$1,171
16 years$3,890$3,293$2,775$2,329$1,948$983
17 years$3,623$3,032$2,525$2,092$1,727$827
18 years$3,386$2,802$2,305$1,886$1,535$697
19 years$3,174$2,597$2,110$1,704$1,369$589
20 years$2,984$2,413$1,936$1,543$1,222$498
21 years$2,812$2,248$1,781$1,400$1,094$421
22 years$2,656$2,098$1,642$1,273$981$357
23 years$2,514$1,962$1,516$1,160$880$303
24 years$2,383$1,839$1,402$1,058$791$257
25 years$2,264$1,725$1,298$966$712$218
26 years$2,153$1,622$1,204$883$641$185
27 years$2,051$1,526$1,118$808$578$157
28 years$1,957$1,438$1,039$741$522$134
29 years$1,869$1,357$967$679$471$114
30 years$1,787$1,281$901$623$426$97
31 years$1,711$1,211$840$572$385$82
32 years$1,639$1,146$784$526$348$70
33 years$1,572$1,085$732$484$315$60
34 years$1,509$1,029$684$445$285$51
35 years$1,450$976$639$410$258$43
36 years$1,394$926$598$377$234$37
37 years$1,342$880$560$348$212$31
38 years$1,292$836$524$321$192$27
39 years$1,245$795$491$296$174$23
40 years$1,200$756$460$273$158$19
41 years$1,158$720$432$251$144$16
42 years$1,118$686$405$232$130$14
43 years$1,080$653$380$214$118$12
44 years$1,043$623$357$198$107$10
45 years$1,009$594$335$183$97$9
46 years$975$566$314$169$88$7
47 years$944$541$295$156$80$6
48 years$914$516$278$144$73$5
49 years$885$493$261$133$66$5
50 years$857$471$245$123$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $878,000, adding $4,087 every year, while hoping to spend $30,778 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 75/6/19 Blend
59$878,000$878,000$878,000$878,000
60$971,772$925,238$911,629$1,040,054
61$1,038,145$937,827$909,421$1,098,442
62$1,110,257$950,001$906,107$1,158,246
63$1,188,660$961,708$901,619$1,222,993
64$1,273,962$972,891$895,882$1,293,167
65$1,366,833$983,490$888,821$1,369,303
66$1,468,010$993,440$880,356$1,451,990
67$1,578,302$1,002,674$870,403$1,541,876
68$1,698,601$1,011,117$858,874$1,639,677
69$1,829,889$1,018,692$845,677$1,746,182
70$1,973,246$1,025,317$830,715$1,862,259
71$2,129,862$1,030,902$813,889$1,988,867
72$2,301,046$1,035,355$795,093$2,127,060
73$2,488,240$1,038,574$774,216$2,278,004
74$2,693,031$1,040,455$751,143$2,442,980
75$2,917,167$1,040,884$725,753$2,623,402
76$3,162,573$1,039,742$697,920$2,820,829
77$3,431,367$1,036,901$667,512$3,036,979
78$3,725,884$1,032,227$634,391$3,273,744
79$4,048,694$1,025,576$598,413$3,533,213
80$4,402,628$1,016,796$559,427$3,817,686
81$4,790,803$1,005,727$517,276$4,129,699
82$5,216,654$992,197$471,794$4,472,047
83$5,683,964$976,026$422,810$4,847,812
84$6,196,898$957,021$370,144$5,260,389
85$6,760,047$934,980$313,609$5,713,523
86$7,378,465$909,687$253,008$6,211,340
87$8,057,722$880,915$188,137$6,758,389
88$8,803,953$848,423$118,783$7,359,684
89$9,623,916$811,956$44,722$8,020,749
90$10,525,058$771,244$0$8,747,678
91$11,515,579$726,001$0$9,554,141
92$12,604,519$675,925$0$10,450,708
93$13,801,832$620,698$0$11,436,514
94$15,118,489$559,982$0$12,520,601
95$16,566,574$493,420$0$13,712,936
96$18,159,402$420,635$0$15,024,501
97$19,911,645$341,230$0$16,467,394
98$21,839,466$254,783$0$18,054,948
99$23,960,674$160,851$0$19,801,856
100$26,294,894$58,964$0$21,724,305